About the Business

CRE Brokers is is pleased to be appointed exclusive agents for this fantastic business opportunity in profitable Gracemere.

The business consists of the Management Rights to Lilly Pilly Gardens 2, including a very favourably priced 3 bedroom ensuite residence as well as an additional rent roll of managed properties outside the complex. The business is currently managed by one person with a virtual assistant and 2 contract cleaners and can be easily run by a couple.

The Gracemere location enjoys a high rental demand and is just a short drive from the City of Rockhampton – Australia's Beef Capital.

No. of units:
Permanent: 16
Holiday: 20
External rentals: 14
TOTAL: 46 (36 of which are in the letting pool) - Plus external rent roll of 14 properties
Net Profit: $245,963 (Includes Body Corporate remuneration)
Unit Price: $380,000
Business Price: $820,000
Total Asking Price: $1,200,000